HESPERIA – In bankruptcy court filings submitted last week, it was revealed that Burlington Stores could assume the lease for 45 Joann stores going through liquidation – including the Hesperia location.
Joann filed for Chapter 11 bankruptcy earlier this year and announced it was closing all of its nearly 800 stores in 49 states by the end of May.
Burlington is expected to take over select leases by June 1, but the transfers are not finalized yet, as interested parties still have time to object.
A total of five Joann leases in California are listed to be taken over by Burlington:
- 12779 Main Street in Hesperia, CA
- 5885 Lincoln Avenue in Buena Park, CA
- 26583 Carl Boyer Drive in Santa Clarita, CA
- 2210 Daniels St in Manteca, CA
- 3010 Ming Ave in Bakersfield, CA
Burlington will open 100 stores in 2025
Burlington is the third-largest off-price retailer in the United States, behind TJX Companies and Ross Stores.
During a recent earnings, Burlington Stores CEO Michael O’Sullivan said the company was pleased with its strong performance in the fourth quarter.
“Comparable store sales increased 6%. This growth was driven by deliberate strategies that were well executed by our merchants, supply chain and stores teams,” said O’Sullivan.
The New Jersey-based company also announced that it plans to open 100 new stores this year, with a long term goal to have 2,000 locations.
In addition to Burlington, the Joann bankruptcy filing lists other retailers, including Hobby Lobby, Boot Barn, and furniture retailer Massa Gallery, as potential lease successors.
Joann continues to hold its liquidation sales at each of its stores with up to 70% off. The site notes that furniture, fixtures and equipment are also for sale.
A banner on the website stated Joann is no longer accepting online purchases due to fake Joann websites.
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